Explain the role of ethics in the regulatory environment

Assignment Help Accounting Basics
Reference no: EM131064741

In the wake of the accounting and finance scandals of the early 2000s, the regulatory environment for businesses changed dramatically to create more accountability and transparency. Agencies like the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) play a greater role in enforcing and auditing companies for compliance to regulations such as the Sarbanes-Oxley Act of 2002.

Select an accounting regulatory or standards agency (e.g. PCAOB, IASB, etc.)

Select a public company that you either currently work for, have worked for in the past, or one with which you are familiar.

Create a 1,050-word analysis of the regulatory environment:

Identify one or more regulations that would apply to your selected company.

Discuss the ways that compliance with the regulations is beneficial to the company, industry, and consumers.

Examine how the agency you selected and your selected company work together.

Explain the role of ethics in the regulatory environment.

Discuss the ways in which the regulatory environment would directly affect your role in the company in either your current role or your desired career with the organization.

Format your assignment consistent with APA guidelines.

Reference no: EM131064741

Questions Cloud

Find two publicly traded stocks in different industries : Find two publicly traded stocks in different industries and look up estimates of their β. (a) Using Rf=1%, E(Rm) = 8%, calculate the E(r) for each stock. (b) Explain in words a non-finance student could understand why the one stock has a higher expec..
Assume the interest rate on pounds sterling and euro : Assume the interest rate is 7% on pounds sterling and 16% on Euro. If the Pound is selling at a one-year forward premium of 8% against the Euro, which one of the followings is correct?
The mileages recorded for a sample of company : (Data set CSE8.xlsx can be found on the book's online platform.) Determine the mean, mode and a five figure summary of the data. What do these descriptive statistics tell you about the distribution of the data?
What is your time-compounded annual rate of return : Suppose that 5 years from now you will receive $10,000 at the end of every year for 5 years. What is the present value of this annuity if the opportunity cost rate is 5%? What is the future value of $300 deposited into a mutual fund account at the en..
Explain the role of ethics in the regulatory environment : Discuss the ways that compliance with the regulations is beneficial to the company, industry, and consumers. Examine how the agency you selected and your selected company work together.
Find the output level at market equilibrium : Find the output level at market equilibrium.
What is the expected return on the stock : You are interested in buying a stock that has a price of $32. You have projected that next year there is: a 10% probability the stock will equal $1, a 20% probability the stock will equal $24, a 30% probability the stock will equal $33, a 30% probabi..
Why did you get the money : Income Statement - use a multiple step format. We have two revenue accounts so we need to show them both. What all do you show, and in what columns (chapter 6) to get to gross profit? Where do you show Interest Expense?
Determine the company weighted average cost of capital : Scenario: Ace Inc. is trying to determine the company's weighted average cost of capital (WACC). Use the following information to make the calculation for them. Ace's stock has a current market price of $52.25 share and the company expect to pay a di..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Question regarding the balance sheet

The balance sheet is useful for analyzing all of the following except _______________.

  Plan by paige candy

(a) Prepare the general journal entries that should be made in 2012 and 2013 related to the above plan by Paige Candy.

  The following information relates to interstate trucking

the following information relates to interstate trucking for itsfirst year of operations data in millions of

  Greatest disadvantage of experiments that scientists

A child's cohort would include their, Experiments allow researchers to:

  Fairfax company uses weighted-average process costing to

fairfax company uses weighted-average process costing to account for its production costs. direct labor is added evenly

  Depreciation of plant and equipment

The overhead rate of $2.50 per direct labor dollar is based on estimated annual overhead of $1,500,000 and estimated direct labor cost of $600,000, composed 40% of variable costs and 60% of fixed costs. The largest fixed cost relates to depreciati..

  What risks to dwight of revising income statement to meet

What are the risks to Dwight of revising the income statement to meet the target figure? What are the risks to Dwight of not revising the income statement to meet the target figure?

  Wise company is considering an investment that requires an

wise company is considering an investment that requires an outlay of 600000 and promises an after-tax cash inflow 1

  Determining the initial accounting

In determining the initial accounting for leases for both the lessee and the lessor?

  Sale of property received

Sale of Property Received as a Gift. During the current year, Stan sells a tract of land for $800,000. The property was received as a gift from Maxine on March 10, 1995, when the property had a $310,000 FMV.

  Describe the cyclical nature of business activity

Describe the cyclical nature of business activity. Make sure to discuss the operating and financing cycle.

  Which of the following is not a possible source of natural

which of the following is not a possible source of natural monopoly?a. rent-seeking behaviorb. greater use of

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd